Post
Topic
Board Speculation (Altcoins)
Re: [KMD] Komodo speculation
by
thepo1m
on 09/01/2017, 19:44:24 UTC
No need to speculate.
As KMD is pegged to BTCD by the rate of 50 KMD = 1 BTCD roughly, this gives an indication for the KMD price this minute: BTCD/50 = 0,004BTC/50 = 8k sats. With a total ammount of 100M KMD this results in a marketcap of roughly 8000 BTC or 6,24M USD.

Does this makes sense to you all?

It doesn't make sense and have said it before that the swap scheme was a scam and it is proofing to be so; if I invest 0.11BTC and I was given 825KMD, the ICO price is 1KMD= 13333sat, so for you to come out with your valuation of 8000sat is baffling.